Bitcoin rose at the start of the last week, reaching a high of $9,161 on Tuesday, but it could not sustain that rise and fell back over the next few days. The fall continued during the rest of the week and over the weekend. At the time of writing the price stands at $8,149. If we look at the price over the past month we can see that Bitcoin has fallen from a high of $11,679 on 4 march. Here is a chart showing the month’s Bitcoin prices: 
ADVFN’s Cryptocurrency page gives you prices for Bitcoin and altcoins 
Other Cryptocurrency News President Trump has banned US citizens from buying, trading or dealing in the Petro – the cryptocurrency issued by the Venezuelan government. The move is “in light of recent actions taken by the Maduro regime to attempt to circumvent U.S. sanctions by issuing a digital currency in a process that Venezuela’s democratically elected National Assembly has denounced as unlawful.” Read the story on ccn.com The tax situation for cryptocurrency investors is extremely confusing, according to a New York Times article. Traders are losing sleep trying to understand the complicated rules. Read the story here Meanwhile, the Internal Revenue Service in the US has released a notice confirming that US taxpayers must report income from virtual currency transactions, just as they would transactions in any other property. Failure to do so could lead to being audited, liability for interest and penalties, and in extreme cases, criminal prosecution. Read the details on ccn.com How do you stop hackers from stealing your cryptocurrencies? This article in The Merkle has some suggestions If worries about the impending crypto apocalypse aren’t enough to keep you awake at night, scientists have warned that the blockchain (the ledger that keeps track of cryptocurrency transactions) can be loaded with sensitive, unlawful or malicious data. Read the story on The Register A Mastercard senior executive has said that the payments company is happy to support state-backed cryptocurrencies. Read what he said on ccn.com More crypto doom-mongering from Morgan Stanley: one of their market strategists has issued a report which compares its performance to that seen in the dotcom era – but it’s happening around 15 times faster. Read what the report says on ccn.com Bittrex is removing more than 80 altcoins from its exchange, in a spring cleaning act to get rid of coins that have little or no demand or where the blockchain is broken. Read about this on dollardestruction.com The SEC says it has “dozens” of ongoing investigations in the crypto sphere. A spokesperson said, “We are very active, and I would just expect to see more and more,” but she didn’t know how close they are to bringing any enforcement actions. Read the story on Bloomberg Classified documents leaked by Edward Snowden show that the NSA has been keeping tabs on Bitcoin users throughout the world for some years. The report that has now surfaced is dated March 2013; one can only assume they have continued their efforts to track Bitcoin use. ccn.com has the story The UK government will be launching a study to look at the potential risks of cryptocurrencies. The research will be conducted with the Financial Conduct Authority and the Bank of England. Get the details on ccn.com China may have banned cryptocurrencies, but investors in the country are finding ways around the laws and are continuing to gain access to newly issued tokens. Read the story on ccn.com How will the blockchain change the way retail banking works? That’s the subject of an article in City AM. Read their conclusions here Google is getting jumping on the blockchain bandwagon. Its parent company, Alphabet, is developing a distributed digital ledger to support its cloud business and head off competition from emerging start-ups. Bloomberg has the story Another area in the US has banned bitcoin mining for fear of overstraining the power supply. The public utility district in Chelan County in Washington won’t accept or process any more applications from mining operations, while they review the impact on operations from existing bitcoin mining facilities. Detains on ccn.com Cryptocurrency is still a niche activity, as a new survey says that just 8% of Americans now own some digital coins. Reasons people gave for not investing in cryptocurrencies included fear of the high risk, lack of understanding of the technology, worries about being scammed, and waiting for the bubble to burst. Read the story on bitcoin.com Whisky has entered the crypto market. A new coin, CaskCoin, gives purchasers a share in a portfolio of casks from some of the most popular whisky distilleries, including Macallan, Dalmore, Bowmore and Glenlivet. The more coins you buy, the more whisky you own. Read the story on Forbes 
The Crypto Trader News, information, tips and opinions on all things to do with cryptocurrency. Purchase a subscription with Bitcoin, LiteCoin, Ethereum or PlusOneCoin. Click here for more information New Book on Cryptocurrencies out now
from Clem Chambers The CEO of ADVFN, Clem Chambers, has a new book on cryptocurrencies out now in paperback and for the Kindle. Click here to buy the book from Amazon Trading Cryptocurrencies: A Beginner’s Guide - Bitcoin, Ethereum, Litecoin is an invaluable guide to making money in cryptocurrencies: how they work, how to invest in them, trading cryptocoins, mining, and the technical details behind them. 
Click here to buy the book from Amazon CME Bitcoin Futures ADVFN (LSE:AFN) is now offering free CME Bitcoin Futures data to its four million registered users. Anyone visiting the ADVFN site can obtain quotes, view charts and access real-time news for CME Bitcoin Futures here. Users can add these contracts to their portfolios and see bid, offer, highs, lows and current prices along with traded volumes. They can also view them on their monitor pages alongside their other investments. | 
No comments:
Post a Comment